For more than a year I have been watching Kroger NYSE:KR stock. I stop there every time I buy groceries so it is one of those companies that fall under "Cupboard Investing" in stocks you know and use. For something as mundane as selling groceries it is quite a volatile stock.
The history really begins in 2020 when a member of my Discord who is very bullish the stock got me interested. Kroger had a big earnings dip on December 2020 and I hesitated to pull the trigger. I prefer to only enter any instrument on an indicator defined setup. Entering on the drop would have just been a "gut trade" on my bullish bias. So I waited. For reasons unknown the stock got a massive RIP in January during the Meme Stock Madness that month. Clearly I had missed the run. So I waited.
It took 10 months until October 2021 before on my daily scans I finally saw KR with a bullish Spike Alert. It fit my rules for happening at a 50% Retracement Level so I went in. The trade played out to the first target with no problems and I left on shares for the long term position I desired.
Patience pays off. Do just jump into a stock on FOMO. You'll always get an opportunity even if it takes months of disciplined waiting if you are diligent.
"A stock is never to high to buy" I hope you're joking..
dsyncd
⋅
@mbc47, on We Study Billionaires podcast, they have a couple sound bites from the 2021 interviews they did. Conflicting viewpoints based on the type of stock you're investing in. In Kroger's case, I'm with you. :D Unless we go into another lock down situation. Hard to find that cream cheese yo.
Franklin_Financials2020
⋅
I agree...the only thing that matters is price and volume. I watched people pay insane amounts for GME and AMC haha. There was no technical or fundamental analysis -- just a lot of people willing to pay for these stocks and push them higher.
Wolves_of_Third_Street
⋅
Perhaps Kroger could start selling the letter "O" so you can fix your title.